Tuesday, January 27, 2015

Snapchat has partnered with CNN, ESPN and nine other media companies to feature videos and articles on its mobile messaging service, a move that heightens the competition with social networks such as Facebook Inc and Twitter Inc.Snapchat's new Discover service features individual "channels" for its various media partners that include five to 10 stories a day, according to Snapchat, which announced the move on its official blog on Tuesday.After 24 hours the stories disappear, in keeping with Snapchat's trademark feature of private messages that disappear a few seconds after they are viewed by users of the service.The addition of news and entertainment content represents the latest expansion for Los Angeles-based Snapchat, which has become a popular communications tool for teenagers. In November, Snapchat partnered with online payments company Square to offer a service that lets users send money to each other.

Facebook, Inc. is a social networking website company. Shares of FB fell by 1.74% or $-1.3449/share to $76.15. In the past year, the shares have traded as low as $53.19 and as high as $82.17. On average, 27892500 shares of FB exchange hands on a given day and today's volume is recorded at 14374924.

Twitter, Inc. (Twitter) is a global platform for public self-expression and conversation in real time. Shares of TWTR fell by 3.01% or $-1.207/share to $38.89. In the past year, the shares have traded as low as $29.51 and as high as $67.24. On average, 21959200 shares of TWTR exchange hands on a given day and today's volume is recorded at 12599182.

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